Overview

Douglas J. Brickley is a Managing Director of The Claro Group, LLC located in Houston, TX and serves as the Practice Leader of the Corporate Finance and Restructuring Services Practice.  Mr. Brickley has more than 29 years of experience in financial advisory and investment banking services. He has been involved in numerous projects including, but not limited to, financial and operational restructurings, valuations, fairness opinions, solvency analyses and fraudulent transfer disputes, investment banking and corporate finance transactions, investigations of fraud and misconduct, asset divestitures and troubled company due diligence investigations for clients in numerous industries.

Prior to joining The Claro Group, LLC, Mr. Brickley was an investment banker in the Restructuring and Recapitalization Investment Banking Practice of a large, global investment banking firm.  Prior to that, Mr. Brickley worked in the restructuring practices of large boutique consulting companies, middle market investment banks and international public accounting firms.

 

Experience +

Served as the Chief Restructuring Officer of a chain of convenience stores in a Chapter 11 Bankruptcy proceeding in Texas. The chain consists of 28 stores located in South Texas.  Responsibilities included overseeing the day-to-day operations of all of these entities and leading the efforts to reorganize these entities through a Court supervised restructuring process. Additionally, responsibilities included creating and implementing a strategic and financial plan including short-term and long-term financial projections, determining the value of these assets, preparing detailed reports of actual operating and financial results as required by the secured lenders, unsecured creditors and assisting the management in the sale of substantially all of the assets of the debtor and the development and negotiation of a plan of reorganization for the debtor with all of the interested parties involved.  This transaction won the Turnaround Management Association’s Mid-Market Transaction of the Year Award for 2016.

Managed the project team that provided advice to an operator of an offshore Platform Supply Vessel Company located in Mexico. The project team assisted the company in completing a $75 million recapitalization of its balance sheet.  Services included providing advice for the management of relationships with the secured and second lien lenders.  The team also assisted the debtor and the other retained professionals in the development and analysis of various potential sale, restructuring and refinancing scenarios.

Managed the project team that provided buy-side advisory services to a major multi-national oil & gas exploration and production company in the acquisition of assets located in the Gulf of Mexico for a purchase price in excess of $300 million. The assets were acquired from a debtor through a 363 bankruptcy sale process. Services included providing advice and analysis throughout the process.

Participated as a member of the project team that assisted the management and board of directors through Chapter 11 reorganization process. Primary responsibilities included preparing a liquidation analysis for the company.

Participated as a member of the project team that advised the management and the board of a bankrupt shipping company in the sale of its interests in a joint venture to a strategic buyer for in excess of $350 million. The members of the deal team identified potential acquirers and merger partners and provided strategic advisory and consulting services in support of the transaction, advised the company in the negotiations and provided expert testimony in the related bankruptcy proceeding as requested by counsel.

Participated as a member of the project team that advised the management and the board of a publicly traded oil & gas exploration and production company in a financial recapitalization process. Responsibilities included analysis of and recommendations for improvements in restructuring its balance sheet. Ultimately, the deal team assisted the company in successfully completing a $243,468,000 exchange offer for its senior and second lien notes.

Served as the Chief Restructuring Officer and manager of a leading supplier of pipe, valve, fittings (PVF) and related products and services to the energy industry along the Gulf Coast and in the Rocky Mountains which filed for Chapter 11 Bankruptcy protection in Louisiana. Responsibilities included overseeing the day-to-day operations of all of these entities and leading the efforts to reorganize these entities through a Court supervised restructuring process.

Served as the financial advisor to the Official Committee of Unsecured Creditors (the “Committee”) in the Chapter 11 filing of an oil and gas exploration and production company in Texas. Advisory services included analyzing, monitoring, and evaluating the debtor’s operations on the behalf of the Committee and working with the debtor and its advisors toward a plan of reorganization or the sale of the debtor’s operations. Additional services included performing an evaluation and investigation of fraudulent transfer claims and other potential avoidance actions.

Education +

Bachelor of Science, Political Science, Texas A&M University, 1990

MBA, with a concentration in Finance, Hankamer School of Business, Baylor University, 1992

Certifications +

Certified Turnaround Professional (CTP)

Certified Insolvency and Restructuring Advisor (CIRA)

Series 79 Securities License

Series 63 Securities License

Memberships +

Member of the Advisory Board of the Turnaround Management Association and former President (Houston Chapter)

Member of the Association of Insolvency and Restructuring Advisors (AIRA)

Member or the American Bankruptcy Institute (ABI)

Member of the State Bar of Texas – Bankruptcy Section (non-lawyer professional)

Awards +

Recipient of the 2016 Turnaround Management Association Transaction of the Year: Mid-Size Company

Recipient of the 2019 M&A Deal of the Year Award ($25MM - $50MM) For the Sale of Sam Kane Beef Processors, LLC to JDH Capital 

Publications & Speaking Engagements+

Co-authored “Multiparty Negotiations: Finding Bargaining Power when Financial Resources are Scarce.”  Brickley, D., and Curry, D., Journal of Corporate Renewal, Vol. 35, No. 2, 2022, pp. 14 – 17.

Co-Authored Chapter 7, "The Impact of Evolving Bankruptcy Law on Strategy and Practice", of the book Adapting to Changes in Bankruptcy Law.

Practices +Insights +

Articles & Publications

Events

  • Finalist for 18th Annual M&A Advisor Award 11/19/2019

    The Claro Group is a finalist for the 18th Annual M&A Advisor Award in the categories of: M&A Deal of the Year ($25MM - $50MM) and Consumer Staples Deal of the Year for the Sale…

Claro in the news

  • Claro Named Outstanding Turnaround Firm for 20212/4/2022

    The Claro Group is pleased to announce it’s been named one of Turnarounds & Workouts’ 2021 Outstanding Turnaround Firms, on behalf of its Corporate Finance and Restructuring Services (CF&RS) group.  This distinction marks the third…

  • Douglas Brickley Elected To Board Of Managers6/18/2021

    The Managing Directors of The Claro Group would like to congratulate Douglas Brickley on being elected to the Claro Board of Managers. Douglas is located in the Houston office and serves as the Practice Leader…

  • M&A Advisor Awards Claro with M&A Deal of the Year11/19/2019

    The M&A Advisor Awards The Claro Group with M&A Deal of the Year ($25MM - $50MM) for the Sale of Sam Kane Beef Processors, LLC to JDH Capital.